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    3. If I declare personal bankruptsy, do I lose my car or my home?
    If I declare personal bankruptsy, do I lose my car or my home?

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    0  Views: 352 Answers: 2 Posted: 14 years ago
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      2 Answers

      Had a friend who had to sell everything to pay his "tax debt". Had he not done that voluntarily, I'm sure they would have done that for him. If it's credit cards don't sweat it. Your house and car are safe.
      14 years ago. Rating: 0
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        ed shank

        The IRS makes the mob look like choir boys. They will hunt you down forever. I spent eight years trying to resolve a mistake on their part, only to get a letter of apology eight years later for nearly ruining me.
        commented 14 years ago
        yes you lose your car, motor bike these are classified as luxuries.....you would be allowed to keep your car if you have a medical problem so that you can use it for hospital appts
        You might lose your home to cover the debt you owe
        14 years ago. Rating: 0
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